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The largest cryptocurrency exchange by trading volume, Binance, has announced that it will delist several trading pairs with tokens in cross-margin trading starting April 1 due to insufficient trading volumes.
The company indicated that the pairs affected will include tokens A2Z, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, and SXP. Spot trading pairs involving these assets will be removed, and any open orders will be automatically canceled.
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The process will occur in stages. On March 24, the exchange will close futures positions for the specified instruments. On March 25, copy trading products will be disabled. Spot trading will cease on April 1, and from April 2, users will be unable to deposit funds in these tokens.
Withdrawals will remain available until June 1. After this date, any remaining assets will be automatically converted into stablecoins and credited to users’ accounts.
Binance clarified that this decision was made following a regular assessment of assets, taking into account liquidity, trading volumes, and associated risks. Such evaluations are conducted to safeguard users and ensure the stable operation of the platform.
Previously, Binance announced that on February 26, it would delist trading pairs with crypto assets POL, ALCX, SAPIEN, PNUT, ARKM, BROCCOLI714, OPEN, CKB, HOLO, and FIL.
